EUR/USD
Resistance:1,4515-20/ 1,4550-60/ 1,4600-10/ 1,4635/ 1,4665-70
Support : 1,4450-60/ 1,4420-30/ 1,4380/ 1,4340/ 1,4300/ 1,4280
Comment: The week’s start finds euro pressured by the positive - as everything seems- outcome of the bailout plan in the US. According to our opinion, this plan could only have a negative impact on the dollar in the longer term, and bulls are likely to return.
The technical outlook would indicate the real market intentions. The ranges for the immediate resumption of the rise are set at 1,4400-50, and below them, a retracement to 1,4050-4150 is possible in terms of a wider sideways consolidation.
Intraday resistance is found at 1,4550-70 and 1,4610-20, levels where the gap that remains open will be closed.

TRADING EUR/USD
SWING TRADING : Our ranges for the upward scenario are extended to 1,4430-50 area, where we could try buy positions with stops below 1,4350. In case of a clear break of 1,4400 and its turning into a resistance, we will follow the scenario of the formation of a wider sideways consolidation. For now, we will wait for the market reaction to important support levels that are being reached...
INTRADAY TRADING : Euro is pressured. A reach of 1,4420-40 will be used for buy positions with stops below 1,4370 and target at 1,4550. A clear break of 1,4380-00 may be followed by sell orders and target at 1,4270 area.

GBP/USD
Resistance :1,8290-00/ 1,8330/ 1,8360/ 1,8410-20/
Support : 1,8230-35/ 1,8190-00/ 1,8150/ 1,8100/ 1,8070-75
Comment:The pound is forming a decline and support at 1,8260-80 is tested. A clear break will lead to the area of 1,8070-00, and interim support will be found at 1,8180-00. The gap remains open at higher levels (1,8420).
Resistance is found at 1,8290-8310 and 1,8360-70. Above the second, bulls may gain momentum and a pullback to 1,8470-80 will be the next target.
For now, we are watching the break of support levels and the bearish trend. We will follow the signs...

TRADING GBP/USD : A clear break of 1,8260 will be followed with sell positions and stops above 1,8300 and first target at 1,8190-00. Small buy positions can be tried there with close stops and a position reversal until the area of 1,8080, in case of a break...

USD/JPY

USD/CHF

Technical analysis-Comments
G. Antonakos
Head of Analysis Dept.
Resistance:1,4515-20/ 1,4550-60/ 1,4600-10/ 1,4635/ 1,4665-70
Support : 1,4450-60/ 1,4420-30/ 1,4380/ 1,4340/ 1,4300/ 1,4280
Comment: The week’s start finds euro pressured by the positive - as everything seems- outcome of the bailout plan in the US. According to our opinion, this plan could only have a negative impact on the dollar in the longer term, and bulls are likely to return.
The technical outlook would indicate the real market intentions. The ranges for the immediate resumption of the rise are set at 1,4400-50, and below them, a retracement to 1,4050-4150 is possible in terms of a wider sideways consolidation.
Intraday resistance is found at 1,4550-70 and 1,4610-20, levels where the gap that remains open will be closed.

TRADING EUR/USD
SWING TRADING : Our ranges for the upward scenario are extended to 1,4430-50 area, where we could try buy positions with stops below 1,4350. In case of a clear break of 1,4400 and its turning into a resistance, we will follow the scenario of the formation of a wider sideways consolidation. For now, we will wait for the market reaction to important support levels that are being reached...
INTRADAY TRADING : Euro is pressured. A reach of 1,4420-40 will be used for buy positions with stops below 1,4370 and target at 1,4550. A clear break of 1,4380-00 may be followed by sell orders and target at 1,4270 area.

GBP/USD
Resistance :1,8290-00/ 1,8330/ 1,8360/ 1,8410-20/
Support : 1,8230-35/ 1,8190-00/ 1,8150/ 1,8100/ 1,8070-75
Comment:The pound is forming a decline and support at 1,8260-80 is tested. A clear break will lead to the area of 1,8070-00, and interim support will be found at 1,8180-00. The gap remains open at higher levels (1,8420).
Resistance is found at 1,8290-8310 and 1,8360-70. Above the second, bulls may gain momentum and a pullback to 1,8470-80 will be the next target.
For now, we are watching the break of support levels and the bearish trend. We will follow the signs...

TRADING GBP/USD : A clear break of 1,8260 will be followed with sell positions and stops above 1,8300 and first target at 1,8190-00. Small buy positions can be tried there with close stops and a position reversal until the area of 1,8080, in case of a break...

USD/JPY

USD/CHF

Technical analysis-Comments
G. Antonakos
Head of Analysis Dept.